Legal & General Group Plc Acquires 47,957 Shares of Intuit Inc. $INTU

Legal & General Group Plc grew its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 2.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,950,392 shares of the software maker’s stock after buying an additional 47,957 shares during the period. Legal & General Group Plc’s holdings in Intuit were worth $1,331,942,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of INTU. Pinkerton Wealth LLC boosted its stake in Intuit by 16.7% during the third quarter. Pinkerton Wealth LLC now owns 4,431 shares of the software maker’s stock worth $3,026,000 after acquiring an additional 634 shares in the last quarter. Banque Cantonale Vaudoise raised its holdings in shares of Intuit by 2.1% during the third quarter. Banque Cantonale Vaudoise now owns 11,105 shares of the software maker’s stock valued at $7,584,000 after purchasing an additional 226 shares during the period. Vestcor Inc raised its holdings in shares of Intuit by 104.8% during the third quarter. Vestcor Inc now owns 11,569 shares of the software maker’s stock valued at $7,901,000 after purchasing an additional 5,919 shares during the period. Sienna Gestion boosted its position in shares of Intuit by 30.6% during the 3rd quarter. Sienna Gestion now owns 33,244 shares of the software maker’s stock worth $20,699,000 after purchasing an additional 7,798 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Intuit during the 3rd quarter worth about $3,785,000. Institutional investors own 83.66% of the company’s stock.

Analyst Ratings Changes

INTU has been the topic of a number of research reports. Susquehanna dropped their price target on Intuit from $819.00 to $720.00 and set a “positive” rating on the stock in a research note on Tuesday, February 24th. BMO Capital Markets lowered their target price on Intuit from $624.00 to $550.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Barclays lowered their target price on Intuit from $785.00 to $540.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Weiss Ratings downgraded shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 5th. Finally, Jefferies Financial Group set a $650.00 price objective on shares of Intuit in a research note on Sunday, February 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $642.32.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $473.67 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $499.40 and its two-hundred day simple moving average is $605.97. Intuit Inc. has a 1-year low of $349.00 and a 1-year high of $813.70. The stock has a market cap of $130.99 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.93 and a beta of 1.27.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the firm earned $3.32 EPS. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit’s dividend payout ratio is presently 31.09%.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the sale, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the transaction, the chief executive officer owned 13,611 shares in the company, valued at $8,848,511.10. The trade was a 75.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 120,168 shares of company stock valued at $79,899,156. 2.49% of the stock is currently owned by company insiders.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.